June 3, 2020
Market conditions reshape business and M&A strategies in oil and gas
The COVID-19 pandemic brought much of the world to a sudden halt from late February 2020. Mobility and advanced manufacturing, key end use sectors for oil and gas, were seen to be among the most-affected sectors. Oil and gas demand has therefore been affected by the dramatic decline in travel and the shuttering of factories, as countries work to contain the spread of the COVID-19 pandemic. Demand shock, combined with a supply discipline dispute, puts oil and gas on a long road to recovery post-pandemic. An EY article provides details.